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Nordstrom is shutting down two of its shops by the top of August as the corporate tries to maintain afloat. The retail trade faces a number of headwinds, from a difficult financial local weather to shifting shopper conduct.
Saint Louis Galleria Nordstrom retailer in St. Louis, Missouri, in addition to the Nordstrom retailer in Santa Monica, California, will shut on Aug. 24 and Aug. 26, respectively, the corporate confirmed to FOX Enterprise.
“We believe we’ll be best able to serve customers in each region by leveraging our surrounding stores and through our digital channels,” a Nordstrom spokesperson mentioned in a press release. “Decisions like this are never easy, and we understand the impact they have on our team members.”
US RETAIL CLOSURES HIT HIGHEST LEVEL SINCE PANDEMIC
The corporate mentioned it could assist impacted staff discover roles at different Nordstrom areas.
The posh retailer is not the one one which has introduced closures lately because the trade faces a tough patch, together with lackluster gross sales and declining visitors.
Nordstrom is shutting down two of its shops by the top of August as the corporate tries to maintain afloat. (Kevin Carter/Getty Photos / Getty Photos)
In January, Macy’s recognized 66 shops that it deliberate to shut this yr. The corporate is on observe with its plans to shut 150 areas over three years as a part of its technique, dubbed a “Bold New Chapter,” aimed toward serving to the corporate obtain sustainable, worthwhile progress.
A month later, JCPenney introduced plans to shut a “handful” of shops over the approaching months because it struggled to maintain tempo with quickly altering market circumstances.
Eight areas throughout eight states are closing, with the corporate citing causes comparable to “expiring lease agreements” and “market changes.”
Saint Louis Galleria Nordstrom retailer in St. Louis, Missouri, in addition to the Nordstrom retailer in Santa Monica, California, will shut on Aug. 24 and Aug. 26, respectively. (David Paul Morris/Bloomberg by way of Getty Photos / Getty Photos)
WHY NEIGHBORHOOD PHARMACIES ARE CLOSING
To additional spotlight the trade’s woes, final fall, U.S. retail closures reached the best degree because the COVID-19 pandemic, in keeping with Coresight Analysis.
Job cuts within the sector additionally surged 80% within the first 5 months of 2025 in comparison with the identical interval final yr, in keeping with a brand new report from Challenger, Grey & Christmas.
The corporate mentioned it could assist impacted staff discover roles at different Nordstrom areas. (Kevin Carter/Getty Photos / Getty Photos)
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“Tariffs, funding cuts, consumer spending, and overall economic pessimism are putting intense pressure on companies’ workforce,” mentioned Andrew Challenger, senior vice chairman of Challenger, Grey & Christmas, within the report. “Companies are spending less, slowing hiring, and sending layoff notices.”
Retailer closures additionally contributed to these cuts.
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